Forex Daily Forecast, Analysis and Prediction

The German DAX compresses within a triangle pattern, with traders eyeing 24,600 on a breakout and 23,600–23,250 if global growth fears spark a sell-off.

Dovish tailwinds drop the US Dollar while risk-on sentiment is pushing the price slowly higher, despite the consolidation pattern below $1.1787.

The Australian dollar rallies cautiously, with AUD/USD targeting 0.67 while 0.6550 offers support as traders await the Fed’s interest rate decision.

The British pound edges toward a breakout above 1.36, with bullish potential toward 1.38 but volatility expected around this week’s Fed and BoE decisions.

The Nasdaq 100 resumes its bullish climb, with buyers targeting 25,000 while pullbacks to 23,250 remain opportunities ahead of the Fed decision.

The US dollar drifts slightly lower against the yen, with USD/JPY stuck between 146.50 support and 149 resistance ahead of the Fed’s key rate decision.

The euro tests the 1.18 ceiling within its 1.16–1.18 range, with Fed policy set to determine whether EUR/USD breaks higher or stays range-bound.

AUD/USD breaks higher above 0.6625 resistance, with bullish momentum targeting 0.6750–0.6800 as traders await Fed and Australian jobs data.

BTC/USD steadies above $125K with ETF inflows supporting price, but weakening momentum signals risk of a pullback toward 107,100 before any push to 120,000.

GBP/USD extends gains above 1.3600 with bullish momentum, as traders watch UK and US data alongside diverging Fed and BoE policies.

EUR/USD remains rangebound between 1.16–1.18, with cautious sentiment ahead of the Fed’s rate cut decision and euro risks heightened by France’s downgrade.

Gold (XAU/USD) remains strongly bullish above $3,642, with support at $3,620–$3,580 and upside potential toward $3,700 as Fed rate cuts drive momentum.

Bitcoin (BTC) price is up 8% from its local lows to trade above $116,000 on Monday, fueled by anticipation of Federal Reserve rate cuts this week and robust institutional inflows.

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